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Bill > H540


MA H540

Relative to the equitable assessment of bank fees


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to the equitable assessment of banking fees imposed on accounts for personal, family or household purposes. Financial Services.

AI Summary

This bill aims to remove the requirement that bank fees be imposed only on accounts for personal, family, or household purposes. The bill amends Section 41A of Chapter 171 of the General Laws to strike out the phrase "established for personal, family or household purposes" from the existing law. This change would allow banks to assess fees on a wider range of accounts, potentially impacting both individual and business customers.

Committee Categories

Business and Industry

Sponsors (10)

Last Action

Accompanied a study order, see H4778 (on 07/18/2018)

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